Neo-conservative talk show host Glenn Beck has also assailed the Federal Reserve for its role in the financial crisis. On September 15, Beck had a lively debate about who exactly owns the Federal Reserve.

“The Federal Reserve has nothing to do with the government,” said Beck. “It’s a separate, global banking system. . . . And when everyone was meeting with our Secretary of Treasury Henry Paulson, I thought to myself: ‘Who the hell is representing us, the American people?”

Ron Paul financial advisor Paul Schiff responded: “The Fed got us into this mess. It drives me crazy to see Alan Greenspan on television talking about this ‘100 year flood,’ like the events that are taking place today are random and have nothing to do with his monetary policy. He blew up the bubble, and now it’s burst.”

Wall Street Journal editorial writer Steven Moore added: “And by the way, who elected Ben Bernanke? Who elected Alan Greenspan?”

Location: In the Socialist Republic of Canuckistan wherein the betrayal of our white race is in full swing.

Posts: 36,591

Re: Bailout made no difference

What I see is that the banking crooks get bailed out. They walk away laughing. The rest of us is worse off still. The financial system is a criminal cartel that looks out for itself. If things were honest the failed would be allowed to fail and only their depositors' money would be bailed out. That would be true housecleaning. The rewarding of crooks and the incompetent is outrageous. We are witnessing our becoming financial victims of white collar Jew-banking and derivatives crimes "legally". That's what's happening. We hurt and they have a gay party.

What will be done to avoid all these easy mortgages and irresponsible credit creation to the point of liquidity problems in the future?

Just think of where all this would be if the oil market wasnt tied to the dollar and that didnt help keep the demand for it afloat. Of course, thats just me speculating (ive came to the conclusion that the dollar has much more to lose on changes in the oil market than the oil market itself, all the oil resources in the world cant possibly measure up to that of transaction service currency tied to so many people).

I heard on the piper report about an 80+ year old who lost what had been her family home for generations because she couldnt paid certain taxes, too proud to take a bailout she moved out. These kind of people lose their homes to pay for the bailout of billionares, so that they can keep creating these messes and manipulate markets.

I hear many in the media say that this is just going to tone down the problems, so then why dont they go to the core of the issue, what causes these things, time after time after time.

Are the resources ZOG can put on the table sufficient to stop this crisis or not?

Sure, a $700 billion taxpayer founded toxic waste dump for the Juden sounds great, but this number has to be put in perspective. Here is what we are dealling with:

- The financial sector total assets (i.e. the loans that are out) is close to $60 trillion (source - Federal Reserve flow of funds, Q2 2008). This means that if there is a 10% default rate (high, but not unusual in time of distress), they need almost $6 trillion to cover this hole...

- The total worth of 'derivatives' (complex jewy 'financial instruments' that are high risk bets against the value of currencies, stocks, interest rates etc.) held by U.S. commercial banks is $180 trillion (source - Comptroller of the Currency Q1 08 report). Nobody knows how much these are really worth and most of it might end up being phantom assets. Warren Buffet correctly called derivatives 'financial weapons of mass distruction'.